Ninepoint Partners LP Takes Position in Evergy Inc. $EVRG

Ninepoint Partners LP acquired a new stake in Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, HoldingsChannel reports. The firm acquired 17,684 shares of the company’s stock, valued at approximately $1,528,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EVRG. Geode Capital Management LLC grew its position in shares of Evergy by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company’s stock valued at $465,684,000 after purchasing an additional 105,842 shares in the last quarter. Franklin Resources Inc. raised its position in Evergy by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock valued at $441,574,000 after purchasing an additional 33,457 shares during the last quarter. Federated Hermes Inc. lifted its stake in Evergy by 1.6% in the fourth quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock worth $272,602,000 after acquiring an additional 57,814 shares during the period. Northern Trust Corp boosted its stake in shares of Evergy by 10.6% during the 3rd quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock valued at $209,853,000 after purchasing an additional 263,619 shares in the last quarter. Finally, Truist Financial Corp boosted its position in Evergy by 28.4% during the 4th quarter. Truist Financial Corp now owns 1,847,410 shares of the company’s stock valued at $133,919,000 after acquiring an additional 408,452 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling at Evergy

In related news, Director Sandra Aj Lawrence sold 761 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total value of $63,398.91. Following the sale, the director owned 1,680 shares in the company, valued at approximately $139,960.80. The trade was a 31.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the sale, the executive vice president owned 37,789 shares in the company, valued at approximately $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 12,748 shares of company stock valued at $1,061,870 over the last ninety days. 1.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays upped their target price on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. UBS Group upped their price objective on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Citigroup raised their target price on shares of Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. Finally, BTIG Research set a $97.00 price target on Evergy in a research note on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Evergy has a consensus rating of “Moderate Buy” and a consensus price target of $90.60.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $83.16 on Friday. Evergy Inc. has a 12-month low of $70.42 and a 12-month high of $88.62. The firm has a market capitalization of $19.17 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 2.17 and a beta of 0.54. The company has a current ratio of 0.36, a quick ratio of 0.21 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average of $84.83 and a 200 day moving average of $82.83.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. Evergy had a return on equity of 9.20% and a net margin of 15.19%.The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, research analysts anticipate that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be paid a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s dividend payout ratio (DPR) is presently 70.56%.

Evergy Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.